Cardano Price Aims At $1 As Long-Term Holders Back ADA | Airdrop Alert Pro

Cardano (ADA) has been struggling with price issues volatility Over the past month, altcoins have failed to regain solid support at the $1.00 mark.

Broader market cues remain neutral to bearish, limiting upside momentum. However, long-term holders of ADA (LTH) are providing critical support, preventing a significant price drop.

Cardano has solid support

Cardano price The DAA (Daily Active Addresses) divergence indicator has been flashing a consistent sell signal over the past few days. This trend reflects a decline in investor participation, which combined with the lack of meaningful price growth has dampened the bullish sentiment in the market.

Investors appear cautious as current market conditions dampen optimism. Uncertainty over ADA’s growth trajectory has prompted a wait-and-see attitude, with limited buying activity from both retail and institutional players.

At a macro level, Cardano’s MVRV (Market Value to Realized Value) long/short spread is very positive at 45%. This suggests that long-term holders are making handsome profits. These investors are known for their resilience and are less likely to sell during periods of volatility, providing stability to ADA’s price.

exist Cardano casethese LTHs play a key role in reducing the impact of a potential sell-off. Their continued support prevented a significant decline, bolstering confidence that ADA’s price could recover in the near term if broader market conditions improve.

ADA Price Prediction: Consolidation Is Coming

Cardano currently Trading below $1.00, its price is $0.91 at the time of writing. Reclaiming $1.00 as support remains a key objective, but will need to overcome the aforementioned bearish signals and limited market participation.

If broader market conditions remain unchanged, ADA is likely to continue consolidating in a range of $0.85 to $1.00. this price band Cardano has historically been a buffer zone, allowing investors to regroup during times of uncertainty.

However, if the market resumes its bullish momentum, Cardano can A break above the $1.00 resistance level. Securing $1.00 as strong support would invalidate the bearish neutral outlook and set the stage for a potential rally to $1.23, signaling renewed investor optimism for ADA’s long-term growth.